Get Competitive Financing for New or Used Drilling Equipment.
Get Competitive Financing for New or Used Drilling Equipment
High-ticket rigs demand smart structures. We finance rotary, directional, sonic, core, mud pumps, and more—with options for private seller, used equipment, and sale-leaseback.
Your Top Ten Guide to Drilling Equipment
1) Rotary Drilling Rigs
Industries: Oil & Gas, Mining, Geothermal
Description: Versatile for onshore/offshore; supports multi-directional drilling.
2) Directional Drilling Equipment
Industries: Oil & Gas, Environmental, Construction
Description: Angled drilling to reach difficult targets.
3) Top Drive Systems
Industries: Oil & Gas, Mining
Description: Rotates the drill string for higher efficiency and safety.
4) Hydraulic Fracturing Equipment
Industries: Oil & Gas
Description: Enables horizontal drilling to access shale formations.
5) Mud Pumps
Industries: Oil & Gas, Mining
Description: Circulates drilling fluid for cooling, lubrication, and cuttings removal.
6) Auger Drills
Industries: Construction, Environmental, Mining
Description: Ideal for soil drilling, foundations, and sampling.
7) Core Drilling Rigs
Industries: Mining, Construction, Geological Exploration
Description: Extracts core samples for subsurface analysis.
8) Percussion Drilling Rigs
Industries: Construction, Mining, Geothermal
Description: Hammering action to break hard rock.
9) Cable Tool Drilling Rigs
Industries: Water Well, Geothermal, Environmental
Description: Proven method for shallow wells and select applications.
10) Sonic Drilling Rigs
Industries: Environmental, Geotechnical, Mining
Description: High-frequency vibration for continuous, undisturbed cores.
Industries Utilizing Drilling Equipment
Oil & Gas
Exploration and extraction from shallow to deep reservoirs.
Mining
Mineral extraction with rotary/core rigs for samples and production.
Geothermal
Vertical & directional wells to access heat resources.
Construction
Foundations, piles, and underground structures via auger & percussion.
Environmental
Soil/groundwater sampling, remediation, and monitoring wells—sonic/auger.
Geotechnical
Subsurface investigation and core sampling for design & safety.
Why Choose Liberty Capital Group for Your Drilling Equipment Financing?
Affordability is key for high-ticket rigs—especially with private sellers, used assets, or sale-leaseback. Not every lender touches older rigs or specialty gear. As a specialist broker, we shop programs that banks ignore—so you don’t waste weeks chasing a “no.”
- Corp-Only available (program dependent)
- Up to 120% of equipment cost including soft costs
- Fast approvals with a one-page application
- No down payment for qualified borrowers (advance/security may apply)
- Competitive industry rates
- No prepayment penalties on select programs
- New and used equipment eligible
Credit Requirements & Financing Options
Startup Requirements
- Business license or active entity registration
- Personal guarantees from all owners
- Minimum 625 credit score
- No bankruptcies in last 7 years
- No unresolved tax liens
Programs
- Equipment Financing (EFA): Fixed terms; ownership path
- FMV / Operating Lease: Off-balance-sheet options; flexibility at term
- Sale-Leaseback: Unlock cash from owned rigs
- Working Capital Loans: Short-term cash-flow support
Additional Benefits
- $99 for the first 6 months (select programs)
- 90-day deferred payments (program dependent)
- Application-only up to $250,000; financials to $5,000,000
- Soft-costs coverage: delivery, install, tooling, training
Avoid MCA traps: Don’t fund rigs with daily/weekly cash advances—they strangle cash flow and limit future approvals. Read this first: MCA Consolidation vs Reverse MCA.
Preferred Drilling Equipment Vendors
Tell us what you need—we’ll connect you with reputable dealers for new or used drill rigs. If you’re a vendor, become approved to help your buyers close faster.
Why Finance Your Next Drilling Equipment?
Rigs and rigging trucks can range from $100,000 to $500,000+. Financing spreads the cost over up to 7 years to keep payments predictable and cash available for crews, safety, and mobilization. Leasing helps fight obsolescence risk and preserves liquidity during boom-bust cycles.
- Equipment is the collateral—less outside collateral needed
- Less paperwork & faster processing than most banks
- Eligibility for older or specialty equipment others won’t touch
- Potential Section 179 & bonus depreciation (ask your CPA)
Get Started Today
What Do I Need to Apply?
- Online Application: Complete & authorize processing (soft pull; lenders may hard-pull upon approval).
- Equipment Invoice/Quote: Multiple vendors accepted; we can combine to one payment.
- 3–4 Months Bank Statements: Income/banking verification; ACH autopay setup if approved.
Simple 4-Step Process
- Instant Quote — no obligation.
- Apply Online — about 5 minutes.
- Review Options — FMV vs $1 buyout/EFA; end-of-term choices.
- Get Funds — as fast as 24 hours after final approval.
Need short-term working capital alongside your rig financing? Consider Revenue-Based Working Capital (use selectively; avoid stacking).
FAQs
Do you finance used or older rigs?
Yes—program dependent. We regularly fund used and private-party purchases, and offer sale-leasebacks on owned assets.
Can I include transport, tooling, and training?
Often yes. Many programs allow up to ~120% to include soft costs (delivery, install, tooling, training). Approval varies by credit and collateral.
What if I already have an MCA?
We recommend deleveraging first. Read our guide on MCA consolidation vs reverse MCA before taking on new obligations.
Drilling Equipment Financing Application Only up to $250,000
One of the utmost necessities for a Rig Operators and Management Companies are the two essential equipment – rig, rigging trucks and flatbed trucks. It’s imperative to ensure that operational equipment, which serves as an asset for the company, is well-maintained and kept current. Equipment loans or leasing are viable routes for expanding a heavy construction company. Leasing, in particular, offers numerous advantages, though they won’t be explored here today. One notable benefit of equipment leasing is the accompanying tax advantages, cashflow saving, inflation buster and safety from obsolesense.
Other Equipment Liberty Capital Finances
Easier to get than walking to a bank.
Used Drill Rig Equipment Financing are easy to get. Here is why:
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in drilling equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.